Benefits Forward

This final rule amends the PBGC regulation on Benefits Payable in Terminated Single Employer Plans to set forth the interest assumptions under the regulation for valuation dates in June 2011. Document Excerpt This final rule amends the Pension Benefit Guaranty Corporation’s regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the [...]

The PBGC announces in Disaster Relief Announcement 11-01 relief relating to PBGC deadlines in North Carolina. Document Excerpt Pension Benefit Guaranty Corporation (“PBGC”) is waiving certain penalties and extending certain deadlines in response to the severe storms, tornadoes and flooding that occurred on April 16, 2011, in North Carolina. Link http://www.pbgc.gov/res/other-guidance/dr/dr11-01.html

The PBGC has amended its final rule governing interest assumptions in paying benefits from a terminated single employer plan. Document Excerpt Summary: This final rule amends Pension Benefit Guaranty Corporation’s regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in May 2011.  Link http://www.gpo.gov/fdsys/pkg/FR-2011-04-15/pdf/2011-8926.pdf

The PBGC has issued the lump sum interest rate applicable for May. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of May 2011 is 2.50%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for April 2011 was 2.50% for [...]

The PBGC has released the April immediate interest rate for lump sum payments.

The PBGC issues a proposed rule to amend its regulation on Benefits Payable in Terminated Single-Employer Plans.

President Obama’s recently released proposed budget would, for the first time, allow the PBGC to set its own premiums.

The PBGC announces the interest rates for valuing March, 2011 lump sum benefits.

The PBGC rule amends its regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in March 2011.

The PBGC releases the lump sum interest rates for February.